Bitcoin News Today: Bitcoin Eyes $124,000 as September Rate Cut Odds Hit 87%

Bitcoin's price is under the spotlight as market analysts point to a potential surge toward $124,000 by year-end, driven largely by growing expectations for a September Federal Reserve rate cut. As of early August 2025, Bitcoin is trading in a range of $116,000 to $119,000, with investors keenly monitoring the Federal Reserve's policy direction and its potential implications for liquidity and risk appetite in the crypto market [1].

The CME FedWatch Tool indicates that the probability of a 25-basis-point rate reduction in September has climbed to 87%, fueling speculation about the timing and magnitude of the Fed's next move [1]. According to analysts, such a dovish pivot could catalyze a renewed rally in Bitcoin prices, with some projections suggesting that BTC could approach $124,000 before the end of the year. The market has already started to price in the expected rate cut, with Bitcoin opening on August 4 at $114,505, a level that leaves room for further upward movement [1].

Crypto analyst Crypto Raven has highlighted key price levels that may influence Bitcoin’s near-term movement. He notes that a pullback to between $110,000 and $112,000 could occur before a rebound toward $118,000—a critical resistance level. A successful breakout above that threshold could set the stage for a move toward $124,000, based on volume profile data that identifies historically active trading zones [1].

Daan Crypto, another well-known analyst, supports this view, pointing out that the recent dip in Bitcoin's price is consistent with typical monthly market behavior, where short-term corrections often precede larger upward moves [1]. He argues that the current price action is not indicative of a broader bearish trend but rather a normal part of market dynamics as the September FOMC meeting approaches.

Looking further ahead, some analysts believe the momentum generated by the anticipated rate cut could extend into 2025, supporting continued gains for Bitcoin and other digital assets [1]. However, these projections remain speculative, and actual outcomes will depend on evolving macroeconomic conditions and shifting investor sentiment.

While the $124,000 price level represents a near-term target, it is important to distinguish between forecasts and actual market performance. The bullish outlook is based largely on historical patterns and the assumption that lower interest rates will increase liquidity and risk-taking behavior in financial markets [1]. Investors are advised to approach these predictions with caution and to incorporate them into a broader risk management strategy.

Bitcoin’s price remains sensitive to developments in U.S. monetary policy, and as the September FOMC meeting draws closer, market participants are likely to continue reacting to both confirmed and anticipated Fed decisions. The coming weeks could be pivotal in shaping Bitcoin’s trajectory for the remainder of 2025.

Source: [1] Bitcoin Price Prediction As September Rate Cut Odds Soar https://coingape.com/markets/bitcoin-price-prediction-as-september-rate-cut-odds-soar-to-87-analysts-eye-124k-next/